Darshan Orna Ltd Stock Price Today (NSE: DARSHANORNA)

Darshan Orna Ltd

2.35+0.01 (+0.43%)
Market Closed

Fundamental Score

...

Darshan Orna Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Darshan Orna Ltd share price today is 2.35, up +0.43% on NSE/BSE as of 17 June 2026. Darshan Orna Ltd (DARSHANORNA) is a Small-cap company in the Gems, Jewellery And Watches sector with a market capitalisation of 28.42 (Cr). The 52-week high for DARSHANORNA share price is 3.61 and the 52-week low is 2.21. At a P/E ratio of 47.36x, DARSHANORNA is currently trading above its industry average P/E of 28.63x. The company has a Return on Equity (ROE) of 3.48% and a debt-to-equity ratio of 0.24.

Darshan Orna Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
2.66
Low
2.21
Volume
70.2K
Change
-7.34%

Darshan Orna Ltd share price chart: -7.34% return over the past month. 52-week high ₹3.61, 52-week low ₹2.21.

Darshan Orna Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
2.372.462.282.311.87L (Cr)
2.512.512.372.4072.21K (Cr)
2.332.482.332.401.42L (Cr)
2.402.572.352.401.86L (Cr)
2.272.452.212.381.16L (Cr)
2.302.332.292.3018.95K (Cr)
2.332.372.222.3141.56K (Cr)
2.302.372.292.3522.22K (Cr)
2.352.352.282.3038.94K (Cr)
2.292.362.292.3624.19K (Cr)

Darshan Orna Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
2.512.512.282.31-7.97%
2.452.572.212.40-2.04%
2.422.802.422.50+3.31%
2.602.652.302.42-6.92%
2.703.222.502.68-0.74%
2.972.972.362.51-15.49%
3.053.452.542.93-3.93%
2.953.612.513.07+4.07%
2.473.312.302.92+18.22%
2.482.752.262.50+0.81%
2.712.852.312.47-8.86%
2.682.882.212.77+3.36%

AI Research Briefing

Powered by Gemini · 2026-04-15

Micro-cap jewelry play with stretched valuation and high liquidity risk; avoid until fundamentals improve.

Research Confidence
4.0/10Low
MICRO-CAP DARK HORSEBreakdown - 3M: -50.44%, 6M: -49.82%Expensive - P/E 47.36x vs Industry P/E 28.63x.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. Trading window closed on April 1st, 2026, until the declaration of audited financial results for the quarter and year ended March 31, 2026. The share price 37% from its previous close.

CORE STORY (THE REAL GAME)

Micro-cap jewelry wholesaler hoping to ride the general India gems & jewelry wave. Rights issue in 2025 to raise akhs.

Why Now
  • Promoter buying
  • High QoQ revenue growth
  • Silver jewelry export growth
Potential Catalysts
  • Stronger than expected earnings
  • Significant order wins
  • Bullish gems and jewelry sector outlook
Key Risks
  • Micro-cap illiquidity
  • Negative OPM
  • Expensive valuation relative to industry
Institutional Activity

Promoter increased stake by 3.76%.

Macro Context

Gems and jewellery exports dipped 3.32% in 2025-26.

Cash Flow Quality

No - Free Cash Flow 5Y: ₹5.39 Cr

3–6 Month Outlook

Dependent on continued revenue growth and silver jewelry demand. Monitor earnings closely for signs of weakness.

Primary Thesis Risk

Illiquidity and stretched valuation make it vulnerable to correction.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

3.48%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

3.58%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

-0.21%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Darshan Orna Ltd Valuation Check

Poor

Price to Earnings (P/E)

47.36x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

28.63x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

34.16%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

9.09%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

155.47%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

3.64%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

19.14%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

19.15%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.24x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

12.14x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

5.39 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Darshan Orna Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DARSHANORNA across key market metrics for learning purposes.

Positive Indicators

6 factors identified

Strong Revenue Growth (155.47%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Excellent EPS Growth (19.14% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (19.15% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.24)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (12.14x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

6 factors identified

Below-Average Return on Equity (3.48%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (3.58%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Margin Pressure Concerns (-0.21%)

Observation: Operating margins are below industry standards.

Analysis: OPM <5% may indicate pricing pressures or cost management challenges.

Premium Valuation Risk (P/E: 47.36x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Limited Growth History (3.64% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Darshan Orna Ltd vs Gems, Jewellery And Watches Peers

Peer Comparison - Gems, Jewellery And Watches

Compare Darshan Orna Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
31.3/100
2
₹28.42
47.4
Average
3.48%
Poor
3.58%
Poor
0.2
Excellent
19.15%
Excellent
3.64%
Average
0.00%
69.7/100
4138
₹345673.26
83.7
Average
31.75%
Excellent
19.14%
Good
1.0
Good
17.32%
Excellent
23.49%
Excellent
0.28%
53.2/100
355
₹52335.30
56.2
Average
15.95%
Good
15.03%
Good
1.0
Good
38.25%
Excellent
19.91%
Excellent
0.30%
61.4/100
3924
₹10450.02
56.9
Average
14.88%
Average
13.74%
Average
1.0
Good
21.06%
Excellent
23.75%
Excellent
0.37%
61.6/100
536
₹8588.27
28.9
Average
20.97%
Excellent
19.41%
Good
0.8
Good
52.06%
Excellent
25.28%
Excellent
0.00%
4.2/100
470
₹8466.37
-35.81%
Poor
-0.57%
Poor
1.1
Average
47.33%
Excellent
0.00%
Ethos Ltd...
ETHOSLTD543532
58.1/100
2390
₹7976.04
83.9
Average
10.36%
Average
13.75%
Average
0.2
Excellent
120.26%
Excellent
22.28%
Excellent
0.00%
45.2/100
9
₹7181.78
11.7
Average
12.68%
Average
6.55%
Poor
0.2
Excellent
47.54%
Excellent
-15.49%
Poor
0.00%
39/100
122
₹5530.18
41.9
Average
0.61%
Poor
1.47%
Poor
0.1
Excellent
-39.86%
Poor
16.68%
Excellent
0.00%
Sky Gold Ltd...
SKYGOLD541967
41.6/100
487
₹5165.48
27.9
Average
25.46%
Excellent
21.21%
Excellent
0.8
Good
0.00%
43.4/100
340
₹5087.55
20.2
Average
9.83%
Poor
10.39%
Average
1.1
Average
12.69%
Good
20.93%
Excellent
0.32%

Darshan Orna Ltd PE Ratio History

Historical price-to-earnings ratio for DARSHANORNA — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20240.53₹3.286.2x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Darshan Orna Ltd Quarterly Performance

Latest quarterly metrics for DARSHANORNA — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

155.47%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

9.09%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

3.64%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

19.15%

Compounded annual net profit growth over 5 years

Darshan Orna Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for DARSHANORNA — calculated from daily price history

49RSI 14
Neutral — RSI 49

Momentum is balanced — neither overbought nor oversold.

SMA 50
2
▼ Price below SMA 50 — Short-term bearish
SMA 200
3
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
68K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Darshan Orna Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Darshan Orna Ltd (DARSHANORNA) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Darshan Orna Ltd

About DARSHANORNA (Darshan Orna Ltd)

Darshan Orna Ltd is a purveyor of exquisite adornments, specializing in the wholesale and trading of meticulously crafted gold and silver jewelry within the vibrant Indian market. ...Rooted in a legacy of artistry and precision, the company serves as a vital link between skilled artisans and discerning retailers, offering a diverse and captivating collection that embodies both tradition and contemporary elegance. Darshan Orna acts as a curator of cultural heritage, breathing life into precious metals and transforming them into wearable works of art that resonate with the spirit of India. With an unwavering commitment to quality and innovation, the company strives to enrich the jewelry landscape, providing its partners with an exceptional selection to meet the ever-evolving tastes of their customers. The company's extensive portfolio encompasses a symphony of styles, meticulously designed to cater to a wide spectrum of preferences and occasions. From the timeless allure of traditional designs, infused with intricate details and cultural significance, to the captivating fusion of Indo-western aesthetics that bridge the gap between heritage and modernity, Darshan Orna offers a treasure trove of options. The collection features an array of meticulously crafted pieces, including delicate chains, elegant rings, enchanting ear chains, dazzling earrings, graceful bracelets, charming anklets, ornate zudas, resplendent bangles, delightful toe rings, and captivating necklaces. Each piece reflects the passion and expertise of the artisans, ensuring a seamless blend of aesthetic appeal and enduring value, thus providing retailers with a comprehensive offering to satisfy a diverse clientele. Established in 2011 and headquartered in the bustling city of Ahmedabad, India, Darshan Orna Ltd stands as a testament to entrepreneurial vision and unwavering dedication to the art of jewelry. The company's presence in the heart of India's cultural and economic landscape allows it to stay attuned to the evolving trends and preferences of the market, thus ensuring that its offerings remain relevant and desirable. With a foundation built on trust, integrity, and a profound appreciation for the beauty of precious metals, Darshan Orna continues to forge lasting partnerships with retailers across the country. It aims to deliver exceptional value and contribute to the enduring legacy of Indian jewelry craftsmanship.

Company Details

Symbol:DARSHANORNA
Industry:Gems, Jewellery And Watches
Sector:Gems, Jewellery And Watches

Key Leadership

Mr. Ritesh Mahendrabhai Sheth
MD, CFO, Head of Finance & Accounts & Director
Ms. Shivani Joshi
Company Secretary & Compliance Officer
Mr. Suresh Ghanchi
Senior Sales Manager

DARSHANORNA Share Price: Frequently Asked Questions

What is the current share price of Darshan Orna Ltd?

Darshan Orna Ltd (DARSHANORNA) trades at ₹2.35 on NSE and BSE. Market cap ₹28.42 (Cr). Educational data only.

What is the P/E ratio of Darshan Orna Ltd?

Darshan Orna Ltd has a P/E of 47.36x vs industry average 28.63x.

What is the Bull Run score for Darshan Orna Ltd?

Darshan Orna Ltd has a Bull Run score of 31.3/100 based on 25+ financial parameters.

Does Darshan Orna Ltd pay dividends?

Darshan Orna Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Darshan Orna Ltd?

Darshan Orna Ltd has ROE of 3.48%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Darshan Orna Ltd?

Darshan Orna Ltd has debt-to-equity of 0.24.

Is Darshan Orna Ltd a good investment?

Bull Run gives Darshan Orna Ltd a score of 31.3/100. This is not investment advice — consult a SEBI-registered advisor.